The companies - some of which are subject to European sanctions - used the controversial Section 110 tax structure to avoid paying duty on billions of euro, using the same tactics as many ruthless vulture funds
based here, with 73 of the companies ultimately being owned by a charitable trust.
Michael McGrath, Fianna Fail finance spokesperson, has said that commercial banks in the nation should stop selling loans to vulture funds
Mozambique has paid a heavy price for defaulting on the debt, which has been sold on to vulture funds
Mozambique is now in a serious debt crisis, facing cuts to public services like healthcare and education, and could be sued in UK courts by vulture funds
seeking a large profit on the debt.
Previous debt crises have seen the emergence of highly speculative funds, run by non-cooperative or holdout bondholders, including so-called vulture funds
, which aggressively pursue debt repayments, making them more expensive and possibly disruptive.
The President said as the housing crisis deepens there's a "huge ethical question" about the activities of vulture funds
in the property market.
5278, on the other hand, benefits most vulture funds
Hedge fund players such as Elliott Management and Aurelius Capital are frequently derisively called vulture funds
in Latin America because of their propensity to first buy distressed debt at a loss for other lenders and then turn to the U.
Summary: By easing foreign investment norms in stressed assets, the Budget paves the way for the entry of global vulture funds
purchase discounted debt on the secondary market and pursue private litigation against sovereign states in an attempt to recover large profits off the sovereign default.
But vulture funds
DoubleLine Capital and Avenue Capital were still buying up discounted debt as recently as November.
court allowed a small minority of so-called vulture funds
to jeopardize a restructuring process to which 92.